Analysts have been upbeat on the prospects of Reliance Industries (RILNSE 11.94 %) after a steep correction, even as they have cut earnings estimates for the oil-retail-telecom behemoth.RIL shares have slipped nearly 24 per cent for the year to date, outperforming the benchmark Sensex which has lost about 30 per cent value in the same period. The stock currently trades at Rs 1,158, 28 per cent away from its 52-week high of Rs 1,617 hit on December 20, 2019.
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